Michael R. Winter Purchases 1,400 Shares of Allied Motion Technologies, Inc. (AMOT) Stock

Allied Motion Technologies, Inc. (NASDAQ:AMOT) Director Michael R. Winter bought 1,400 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were bought at an average price of $35.35 per share, with a total value of $49,490.00. Following the completion of the transaction, the director now owns 16,118 shares in the company, valued at approximately $569,771.30. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

NASDAQ:AMOT opened at $35.34 on Wednesday. The firm has a market cap of $338.46 million, a PE ratio of 20.79, a P/E/G ratio of 1.72 and a beta of 1.63. The company has a quick ratio of 1.50, a current ratio of 2.67 and a debt-to-equity ratio of 1.21. Allied Motion Technologies, Inc. has a fifty-two week low of $34.01 and a fifty-two week high of $55.47.

Allied Motion Technologies (NASDAQ:AMOT) last released its earnings results on Wednesday, May 1st. The technology company reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. The firm had revenue of $93.90 million during the quarter. Allied Motion Technologies had a return on equity of 16.01% and a net margin of 4.94%. On average, research analysts expect that Allied Motion Technologies, Inc. will post 2.05 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.03 per share. The ex-dividend date is Wednesday, May 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.34%. Allied Motion Technologies’s payout ratio is 7.06%.

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Allied Motion Technologies by 2.9% during the 3rd quarter. BlackRock Inc. now owns 553,380 shares of the technology company’s stock worth $30,121,000 after buying an additional 15,553 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Allied Motion Technologies by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 460,229 shares of the technology company’s stock worth $15,823,000 after buying an additional 4,110 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of Allied Motion Technologies by 0.4% during the 3rd quarter. Vanguard Group Inc now owns 341,666 shares of the technology company’s stock worth $18,597,000 after buying an additional 1,482 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Allied Motion Technologies by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 341,666 shares of the technology company’s stock worth $18,597,000 after buying an additional 1,482 shares in the last quarter. Finally, Walthausen & Co. LLC raised its holdings in shares of Allied Motion Technologies by 16.3% during the 1st quarter. Walthausen & Co. LLC now owns 260,417 shares of the technology company’s stock worth $8,953,000 after buying an additional 36,540 shares in the last quarter. Hedge funds and other institutional investors own 48.84% of the company’s stock.

AMOT has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Allied Motion Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. BidaskClub upgraded Allied Motion Technologies from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 1st. Finally, ValuEngine downgraded Allied Motion Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $57.00.

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About Allied Motion Technologies

Allied Motion Technologies, Inc designs, manufactures, and sells precision and specialty motion control components and systems that are used in a range of industries worldwide. It provides automotive brushless (BL) DC motors, power steering solutions, and special purpose motors; fractional horsepower permanent magnet DC and BLDC motors serving a range of original equipment applications; and high performance BLDC motors, including servo motors, frameless motors, torque motors, slot less motors, high resolution encoders, and motor/encoder assemblies.

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